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Income Tax : Budget 2025 updates tax slabs under section 115BAC, offering zero tax up to ₹12 lakh income with rebate and marginal relief. Old...
Income Tax : The CBDT has introduced a new mechanism through Circulars 5/2025 and 8/2025 to waive interest on delayed TDS/TCS payments caused b...
Income Tax : Learn about the taxation of Systematic Withdrawal Plans (SWP), Income Distribution cum Capital Withdrawal (IDCW), and Growth Funds...
Income Tax : Avoid rejection of 12AB / 80G applications. Understand relevant sub-clauses, registration types, and recent amendments for Income ...
Income Tax : Learn about active income tax refund scams, how to identify fake emails, and essential steps to protect your financial information...
Income Tax : Suggestions to simplify 12AB and 80G renewal for charitable trusts, proposing conditional approvals, straight-through processing f...
Income Tax : Income-Tax Bill 2025: The Select Committee debated expanding the "accountant" definition. The Ministry of Finance upholds the Char...
Income Tax : India's New Income-Tax Bill 2025: Introduced to simplify the nation's direct tax laws, this bill aims to reduce complexity, enhanc...
Income Tax : India's Finance Ministry details VDA/cryptocurrency tax revenue, compliance tools, and official training, addressing tax evasion c...
Income Tax : Three Income Tax Department officials, including an Assistant Director, were arrested by the CBI in Patna for accepting a Rs. 2 la...
Income Tax : Supreme Court held that Hyatt International has a fixed place Permanent Establishment in India within the meaning of Article 5(1) ...
Income Tax : ITAT Chandigarh held that surplus funds of a charitable institution are being held in a fiduciary capacity hence can never be used...
Income Tax : ITAT Delhi held that imposition of penalty u/s. 270A(9)(a) of the Income Tax Act without mentioning the specific instance of misre...
Income Tax : ITAT Ahmedabad holds NFAC wrongfully dismissed appeal on delay; remands case involving ₹213 Cr additions on grants and accrued i...
Income Tax : ITAT Delhi held that taxability of service receipt amounts in terms of India- Thailand DTAA needs fresh consideration since releva...
Income Tax : CBDT approves IQRAA International Hospital And Research Centre for scientific research exemption from AY 2026-27 to AY 2030-31 vid...
Income Tax : CBDT approves Gitarthganga, Ahmedabad for tax deduction under Section 35 for Social Science research, applicable from AY 2026–27...
Income Tax : The Central Government grants income tax exemption to Puducherry Building and Other Construction Workers Welfare Board for specifi...
Income Tax : Andhra Pradesh Building and Other Construction Workers Welfare Board is exempt from income tax on specific income, including cess ...
Income Tax : The Indian government has granted income tax exemption to the Moradabad Development Authority from Assessment Year 2024-25, under ...
Notification No. 64-Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income tax Act, 1961, read with Rule 6 of the Income tax Rifles, 1962 under the category “Institution”
In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government on the recommendations of the National Committee for Promotion of Social and Economic Welfare
Notification No. 62-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 54(E) dated the 16th January, 1998, issued under clause (b) of the Explanation to Section 35AC of the Income-tax Act, 1961(43 of 1961), the Central Government had specified at serial number 7, for Project
Notification No. 61-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 497(E) dated the 26th May, 2000, issued under clause (b) of the Explanation to Section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 8, for Construction
Notification No. 60-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 388(E) dated the 19th May, 1997, issued under clause (b) of the Explanation to Section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 25, for Construction, equipments vans, furnishing and running of Home for spastics at Sector-7, Papankala, Dwarka, New Delhi,
Notification No. 59-Icome Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1124(E) dated the 29th September, 2003, issued under clause (b) of the Explanation to Section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 5
Notification No. 56-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0.54(E) dated the 16th January, 1998, issued under clause (b) of the Explanation to Section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 18 for construction of Building
therefore, the Central Government, in exercise of the powers conferred by Sub-section 11) read with clause (b) of the Explanation to Section 35AC of the Income-tax Act, 1961 (43 of 1961) hereby specifies the scheme or project of Upliftment of the poor and the needy people by giving financial aid for the major surgical operations all over India
whereas the National Committee for Promotion pf Social and Economic Welfare, being satisfied that the said Project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for a further period of three years
Notification No. 55-Income Tax In the notification of the Government of India, in the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), number S.O.169(E), dated the 6th February, 2004 published in the Gazette of India, Extraordinary in Part II, Section 3, Sub-section (ii), dated the 6th February, 2004 at pages 1 to 24
